On January 1,2022, Zhang Inc. had cash and share capital of 10,000,000. At that date,...

60.1K

Verified Solution

Question

Accounting

On January 1,2022, Zhang Inc. had cash and share capital of 10,000,000. At that date, the company had no other asset, liability, or equity balances.On January 5,2022, it purch hese securities. In addition, it has an unrealized loss on these securities of 600,000. The tax rate is 20%. Compute the Amount of accumulated other comprehensive income/(loss)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students